Driven by rapid urbanization, infrastructure development, and government initiatives in energy-efficient construction.

WILMINGTON, DE, UNITED STATES, November 21, 2025 /EINPresswire.com/ -- The growth of the global vacuum insulation panels (VIPs) market is primarily driven by the rapid expansion of the construction sector and advancements in the packaging industry.

According to the report, the global VIPs market was valued at $8.1 billion in 2022 and is projected to reach $12.7 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.

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Prime Determinants of Growth:-

The market is driven by:

- Booming construction industry
- Growth of the packaging industry

However, factors such as high product costs and limited manufacturing capacity hinder market expansion. On the other hand, rising retrofitting activities, emerging economies, and energy-efficiency regulations create strong future opportunities.

Market Dynamics:-

Drivers:

- Surge in construction activities
- Expansion of packaging applications

Restraints:

- High cost of VIPs
- Limited manufacturing capabilities

Opportunities:

- Strict energy codes for new buildings
- Rising retrofitting & renovation demand

Segmental Insights:-

By Type:

- Flat Panels: Held the largest share (˜60%) in 2022 and will retain dominance due to widespread use in residential and commercial construction.
- Special Shape Panels: Expected highest CAGR of 4.9%, driven by demand in complex machinery, pipelines, and equipment insulation.

By Raw Material:

- Metals: Accounted for ~60% in 2022 and will continue to lead, supported by rising demand from cold chain logistics and construction.
- Plastics: Expected to grow fastest (CAGR 5.0%) due to lightweight structure and suitability in space-constrained applications like appliances and automotive.

By End-Use Industry:

- Construction – Largest segment (˜50% share) due to infrastructure growth in developing economies.
- Others (including advanced appliances) – Highest growth potential with a CAGR of 5.7%, supported by IoT-enabled smart appliance adoption.

Regional Analysis:-

Asia-Pacific:

- Largest market in 2022 (40%+ share)
- Forecast to witness the fastest growth (CAGR 5.1%)
- Driven by rapid urbanization, infrastructure development, and government initiatives in energy-efficient construction.

Key Market Players:

- BASF SE
- Kingspan Group plc
- Panasonic Holdings Corporation
- Microtherm
- Evonik Industries AG
- va-Q-tec AG
- Avery Dennison Corporation
- Morgan Advanced Materials
- Kevothermal, LLC
- Knauf Insulation

These companies focus on product innovation, partnerships, expansions, joint ventures, and strategic collaborations to strengthen their global presence.

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About Us

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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